New Mexico Real Estate Power of Attorney Form

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New Mexico Real Estate Power of Attorney Form is a document that is provided by a principal to an appointed agent to provide written permission for the agent to watch over any of the duties needed to care for the real property or participate in any of the principal’s real estate transactions. This document will require a notary acknowledgment. This document may be revoked by the principal at any time with a written notice that is served to the agent.

How to Write

1 – Obtain The Real Estate Delegation Document On This Page

The documentation required to appoint an Attorney-in-Fact with Real Estate Powers is found on this page. Download this paperwork in the file format you desire and make sure you have all the information it requests well-organized when filling it out.

2 – Record The Principal’s Identity And Location Where Appropriate

Find the first blank line in the introduction paragraph. Supply the Principal’s Legal Name (consisting of the First, Middle, Last Name, and any applicable title) on this blank space.

We will also need to supply the Address where the Principal lives in this paragraph. Begin by filling in the Building Number, Street Name, and (if applicable) Apartment Number where the Principal is located on the blank space just prior to the bracketed label “Street Address.” This should be followed by the City and State where this Address is located.

3 – Document The Identity And Location Of The Attorney-in-Fact

The Attorney-in-Fact the Principal wishes to designate Real Estate Powers will also need to be positively identified. The first empty space after the words “…Hereby Appoint” should have the Attorney-in-Fact’s Legal Name recorded on it.

Make sure to document the Attorney-in-Fact’s Address using the last three spaces in this paragraph. Each of these lines will accept a component of the Attorney-in-Fact’s Address (Street Address, City, and State).

4 – Explain The Real Estate Powers Being Granted Here

Now that we have supplied the information required to positively identify this document’s participants, we should discuss the Real Estate Powers granted to the Attorney-in-Fact here. Article I will handle this task nicely. It will break down Real Estate Powers to four components. The Principal will need to initial the blank space preceding the Power Description he or she wishes to grant an Attorney-in-Fact. It should be noted the Paragraph Description will require the Physical Address as well as the Legal Description of the Property the Attorney-in-Fact may wield the described Real Estate Power over.

The first paragraph description shall detail the Principal Powers in the “Sale Of Real Estate” the Attorney-in-Fact may assume. The Physical Address of the Property the Attorney-in-Fact may act on should be entered on the first blank line in the paragraph. To follow this, you must make sure to fill in the Legal Description of the Property on the second blank space. Once this is done, the Principal may grant this Power only by Initialing the blank space and marking the check box preceding the words “Sale Of Real Estate.”

The next paragraph description will deal strictly with the “Purchase Of Real Estate” and will define all the Principal Decision-Making Powers the Attorney-in-Fact may act with if the Principal Initials the blank space preceding it and marks the check box. Before doing this, however, make sure the Address of the Property and its Legal Description are provided (in that order) using the two blank spaces in this paragraph description. The last paragraph on this page is the third subject to be discussed. The Principal can use this paragraph description to give the Attorney-in-Fact Principal Real Estate Management Powers. To do this, the Principal will need initial the blank space preceding the words “Management Of Real Estate.” The check box will also need to be marked. The Property Address the Attorney-in-Fact may use Principal Real Estate Management Powers over should be supplied on the first blank space in this paragraph. Finally, to the Legal Description of this Property must be provided on the last blank space in this paragraph. If the Principal wishes to deliver Real Estate “Refinancing” Powers to the Attorney-in-Fact through this document, he or she will need to mark the last paragraph in this section (at the top of page 2). Make sure to report the concerned Property’s exact Address and Legal Description in the space provided. Once the Principal initials the blank space preceding this description and marks the check box, the Powers defined here will be appointed to the Attorney-in-Fact.

5 – Document How Or When The Principal Prefers These Powers To Terminate

Article II will declare the durability of this document. Hence, once the Principal executes this designation, its terms will go into Effect and this will remain the case unless the Principal is incapacitated, passes away, or issues a revocation. Article III will provide an opportunity to give a further definition of this Termination. The Principal may only choose one of the options provided in Article III.

The Principal may choose to have these Powers terminate on a Date of his or her choosing by initialing the first blank line in Article III, marking the check box, and supplying the Date of Termination. The Principal may choose the option to have the Powers appointed here automatically Terminate whenever he or she is incapacitated, dies, or issues a written revocation by initialing and marking the check box labeled “b.”The Principal may decide to have these Powers remain in Effect only until a written revocation is issued or death occurs by initialing option “c” and marking the check box.

6 – The Principal Will Officially Designate The Powers By Signature

The Principal will need to provide the Date this document is being issued. Typically, this is the Date he or she signs this document. This Date should be supplied in the last statement of Article VI. The Principal should fill in the Two-Digit Calendar Day of the Month he or she signs this document in the first empty space, the full Name of the Month on the second empty space, and the Two-Year on the last.

This document will only go into Effect when the Principal signs his or her Name on the “Principal’s Signature” line and prints his or her Name on the “Print Name” line.

This paperwork’s Attorney-in-Fact sign and print his or her Name on the blank spaces labeled “Agent’s Signature” and “Print Name.”

After both the Principal and the Attorney-in-Fact have signed this contract, each of the two Witnesses who have observed the Signing must enter his or her Name onto the blank line in one of the “Affirmation By Witness” paragraph, read the passage, then sign and print his or her name at the end of the statement being tended to.

Only a Notary Public can provide notarization on the next page.

The final page will allow the Attorney-in-Fact to formally accept this designation. He or she must sing the “Agent’s Signature” line and print his or her name on the “Print Name” line.